Managers of Wealth Americas

Despite Regulatory Advances, Experts Say Risk Remains a Danger to Large Banks

With all the new laws and regulations since the financial crisis, it would be easy to believe that the banking industry is safer

HSBC, BNP and RBS Faulted on Living Wills by U.S. Regulators

HSBC Holdings Plc, BNP Paribas SA and Royal Bank of Scotland Group Plc must conduct top-to-bottom rewrites of plans showing how they can be safely unwound in bankruptcy before resubmitting the living wills to U.S. regulators

Total Settlement Dollars for U.S. Securities Class Actions Hit 16-Year Low

Total settlements dropped to $1.1 billion, from $4.8 billion in 2013, primarily due to a lack of large cases. The largest settlement amount in 2014 was $265 million, compared with $2.5 billion in the prior year. According to the report, the number of sett

International law firm adds one of Nation’s top private client lawyers

She Becomes Head of New Washington, D.C. Private Client Practice

Zions, Regulators Still at Loggerheads

Postcrisis regime places financial groups of different sizes under the same regulatory umbrella

Citigroup gets US court's approval to process two Argentine bond payments

The bank said the US District Court for the Southern District of New York allowed it to make interest payments to investors holding $2.3bn of Argentine bonds due at the end of March

US regulators target Deutsche Bank over Libor

The New York-based Department of Financial Services has started investigating Deutsche Bank over alleged Libor manipulation

Gibraltar--A Tax Haven--Sues ABC For Calling It A Tax Haven

According to news reports, Gibraltar’s government isn’t going to take being called a ‘tax haven’ lying down.

Fed urges lawmakers to toughen rules on Wall St and commodities

U.S. lawmakers should consider overturning a decades-old rule that allows Morgan Stanley and Goldman Sachs to extract, transport and trade physical commodities

NFA charges UBS with unauthorized withdrawal

As the transfer of funds was generated by the firm’s depository, UBS did not obtain written pre-approval of a financial principal

BNY Mellon to pay $700m over fraud claims

Bank of New York Mellon on Thursday agreed to pay $714m to settle allegations that it committed fraud

Zions Bancorp Names New Finance Chief After Passing 'Stress Test'

Mr. Arnold joined the company as chief financial officer in late 2001

Citibank Sues Two Former Goldman Sachs Partners Over $29 Million Swiss Franc Margin Call

There is a lawsuit over a $29 million margin call that hit the joint family office of two former Goldman Sachs partners

Hedge Fund Betting on Lawsuits Is Spreading

The U.S. Chamber of Commerce warns of wasteful litigation and corruption

Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors

Two banks expected to pay as much as a combined $800 million to settle lawsuit

The Wolf of Wall Street apparently lives and his name is...

Fake Hedge Fund Manager, Who Faked Death Using Fake Employee Is Convicted

Bank Group Asks For More Leeway to Fight Money Laundering

But five years later, the restrictions are making it harder for U.S. banks to meet anti-money laundering

US SEC Official Says Worries About ETFs and Market Volatility Overblown

Regulators in both the United States and around the globe have ramped up scrutiny on asset managers in general, including leveraged and inverse ETFs.

Nationwide law firm boosts Media and Entertainment team

“Their first class entertainment practice and strong backgrounds in IP law and First Amendment work, will make them valuable assets to our clients across the country, our entertainment department and the firm at large.”

Citigroup has cleanest Fed test pass of Wall Street rival banks

Citigroup Inc’s plans to return capital to shareholders got the cleanest approval from the Federal Reserve among top Wall Street banks

Legal, Regulation & Compliance